New Small Unit Multi-Family Policy in BC: What Homeowners and Investors Need to Know

In late 2023, British Columbia introduced the Small-Scale Multi-Unit Housing (SSMUH) Policy, a groundbreaking initiative aimed at addressing the province's housing shortage while increasing affordability and flexibility for homeowners and investors. Here's a quick overview of what this means for you and how it could shape the future of residential construction in BC.

What is the SSMUH Policy?

The SSMUH Policy allows the construction of small-scale multi-unit residences, such as triplexes, townhomes, and laneway homes, in areas that were previously restricted to single-family zoning. Municipalities across BC are now required to update their zoning bylaws to comply with the policy, creating opportunities for more diverse and affordable housing options.

Key Benefits of the SSMUH Policy

1. Increased Housing OptionsThe policy enables homeowners to add secondary units, increasing housing supply and allowing for multi-generational living or rental income opportunities.

2. Flexibility for DevelopersDevelopers and builders can now explore innovative designs and layouts, meeting the needs of smaller families, retirees, and first-time buyers.

3. SustainabilityThe policy encourages more efficient land use, reducing urban sprawl while supporting eco-friendly housing developments.

   
   

Opportunities for Homeowners and Investors

• For Homeowners: Build an income-generating unit, such as a basement suite or laneway home, to offset mortgage costs or accommodate extended family members.

• For Investors: Develop properties that cater to the growing demand for affordable, multi-unit rentals in high-growth areas like Southern Vancouver Island.

  
  

What Does This Mean for Southern Vancouver Island?

In regions like Southern Vancouver Island, this policy is unlocking potential for new developments. Communities are experiencing rapid growth, and with zoning changes in place, there’s an opportunity to create innovative housing that aligns with market needs.

What You May Not Know

Although a provincial mandate some communities have asked and been granted extensions, which mean they are not yet required to comply with this new policy. Other's like Sooke B.C, as of Nov 2024, have continued to vote against the policy and will likely mean the province will eventually force them to comply. So be sure to know where your community is at in following the mandate before moving forward with an application.

How Uncovered Oasis Development Can Help

At Uncovered Oasis Development, we specialize in custom home building and duplexes, and now we’re embracing the opportunities provided by the SSMUH policy. Whether you're looking to build a suited home or explore small multi-family developments, our expertise ensures a seamless and personalized building experience.

Conclusion

The SSMUH Policy is a game-changer for BC's housing landscape. By opening the door to multi-unit housing in previously restricted areas, it offers homeowners and investors a chance to contribute to—and benefit from—the province’s growing housing market.

Ready to explore your options? Contact Uncovered Oasis Development today to learn how we can help you navigate these exciting new opportunities.